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HCI Group (HCI) Soars 3.6%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-11 13:55
Group 1 - HCI Group (HCI) shares increased by 3.6% to close at $145, driven by notable trading volume and a 0.5% gain over the past four weeks [1] - The company's growth is fueled by a growing homeowners business, acquisition of profitable books, proactive risk management, and deployment of excess capital into investments [1][3] - HCI formed the Condo Owners Reciprocal Exchange to write commercial and residential insurance in Florida, leveraging technology and industry knowledge for growth [2] Group 2 - HCI Group is expected to report quarterly earnings of $4.49 per share, reflecting a year-over-year increase of 23%, with revenues projected at $210.17 million, up 1.7% from the previous year [3] - The consensus EPS estimate for HCI has remained unchanged over the last 30 days, indicating that stock price movements may be correlated with earnings estimate revisions [4][5] - HCI Group holds a Zacks Rank of 1 (Strong Buy), while its industry peer, First American Financial (FAF), has a Zacks Rank of 3 (Hold) and experienced a 2.1% decline in the last trading session [5][6]
Greenleaf Capital, the Real Estate Division of HCI Group, Enters Into New Multi-Year Lease Agreement for Office Campus in Tampa
Newsfilter· 2025-03-28 12:30
Core Viewpoint - HCI Group, Inc. has secured a long-term lease agreement with GEICO for a three-building campus in Tampa, Florida, which is expected to create over 1,000 new jobs in the local community [1][2]. Group 1: Lease Agreement and Job Creation - GEICO has signed a multi-year lease to fully occupy a campus owned by Greenleaf Capital, HCI's real estate division [1]. - The lease agreement is anticipated to bring more than 1,000 new jobs to the Tampa area [1]. Group 2: Property Acquisition and Valuation - Greenleaf acquired the office campus in 2023, which consists of approximately 190,000 square feet of leasable space [2]. - The carrying value of the office campus on HCI's balance sheet is approximately $17 million [2]. Group 3: Investment Value Enhancement - The combination of property improvements and the long-term lease with a high-quality tenant is expected to significantly enhance the equity value of the investment [3]. - Greenleaf has a history of acquiring properties at favorable prices and enhancing them to generate long-term value for HCI shareholders [3]. Group 4: Company Overview - HCI Group operates through two distinct units: one includes insurance companies and real estate, while the other, Exzeo Group, focuses on insurance technology [4]. - HCI Group's common shares are traded on the NYSE under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [5].
HCI Group, Inc. (HCI) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2025-03-26 14:16
Have you been paying attention to shares of HCI Group (HCI) ? Shares have been on the move with the stock up 16% over the past month. The stock hit a new 52-week high of $142.37 in the previous session. HCI Group has gained 20.5% since the start of the year compared to the 4.3% move for the Zacks Finance sector and the 14.5% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed ...
Earnings Momentum is Surging in This Industry
ZACKS· 2025-03-25 18:35
Core Insights - The financial sector is currently the leading sector in the Zacks 1 Rank list with 81 stocks, significantly outpacing the next sector, Computers, which has 32 stocks [1] - The financial sector has outperformed the broader market index by over 5% year-to-date, indicating strong fundamentals and a rotation of fund managers into this sector [2] Company Highlights - **OppFi (OPFI)**: A financial technology company providing accessible credit products, with a stock price increase of 43% year-to-date and a Zacks Rank 1 (Strong Buy). The company has achieved four consecutive earnings beats with surprise percentages ranging from 57% to 100% [4][5] - **NatWest Group (NWG)**: A major UK banking institution with stable operations and a Zacks Rank 1 (Strong Buy). The stock trades at 8.5x forward earnings, below the industry average of 10.4x, and has a PEG ratio of 0.87 based on projected earnings growth of 9.84% annually [8] - **HCI Group (HCI)**: A property and casualty insurance company with a Zacks Rank 1 (Strong Buy). The stock has seen earnings estimates rise by 16% over the past month and is currently trading at a forward earnings multiple of 9.3x, well below its 10-year median of 13x [10][12] Investment Opportunities - The combination of strong earnings momentum, attractive valuations, and technical strength makes OppFi, NatWest Group, and HCI Group compelling investment opportunities in the financial sector [13] - These companies operate in different areas of the financial sector but share rising analyst confidence and favorable positioning in a changing macro environment [14]
Here is What to Know Beyond Why HCI Group, Inc. (HCI) is a Trending Stock
ZACKS· 2025-03-21 21:45
HCI Group (HCI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this property and casualty insurance holding company have returned +16.3%, compared to the Zacks S&P 500 composite's -7.5% change. During this period, the Zacks Insurance - Property and Casualty industry, which HCI Group falls in, has gained 8.9%. The key question now is: What could be the st ...
How HCI Group (HCI) Stock Stands Out in a Strong Industry
ZACKS· 2025-03-20 15:45
One stock that might be an intriguing choice for investors right now is HCI Group, Inc. (HCI) . This is because this security in the Insurance - Property and Casualty space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place i ...
Are You Looking for a Top Momentum Pick? Why HCI Group (HCI) is a Great Choice
ZACKS· 2025-03-14 17:05
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Wall Street Analysts See HCI Group (HCI) as a Buy: Should You Invest?
ZACKS· 2025-03-05 15:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about HCI Group (HCI) .HCI Group currently has an average brokerage recommendati ...
HCI Group (HCI) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-03-04 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy w ...
Why HCI Group (HCI) Might be Well Poised for a Surge
ZACKS· 2025-03-04 18:20
HCI Group (HCI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this property and casualty insurance holding company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong cor ...